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GDP October-December annual rate -6.3% minus for the first time in five quarters

2020-02-16T23:59:42.838Z

From the last October to December, announced by the Cabinet Office, GDP = Gross Domestic Product (GDP), excluding price fluctuations, showed a real growth rate higher than the previous three months.



GDP October-December annual rate -6.3% minus for the first time in five quarters February 17 8:56

From the October to December last year announced by the Cabinet Office, GDP = Gross Domestic Product showed a real growth rate excluding price fluctuations of minus 1.6% compared to the previous three months, or a negative annualized rate It was 6.3%. GDP turned negative for the first time in five quarters as personal consumption declined due to the increase in the consumption tax rate.

Source: nhk

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